Our monthly round-up of news, ideas and initiatives related to transforming the UK financial system for people and planet, compiled by the Lab’s CEO, Jesse Griffiths.
The climate imperative
Europe’s ‘green’ investment funds are propping up a fifth of global carbon emissions and big banks are still counting harmful technologies in their sustainable finance targets. Meanwhile, the World Bank fails to uphold its own climate rules.
Here’s why climate risk is increasingly relevant for monetary policy.
The Bank of England tells banks and insurers to fix climate risk gaps.
How the EU could be undermining global sustainability standards.
The green economy is now 8.6% of all traded stocks.
How China is using financial sector regulation to boost its green economy. And why a lack of finance is holding back green investment in the UK.
The failing system…. and solutions
£64bn of UK property is hidden behind opaque trusts, the ‘go-to vehicle for kleptocrats’ while UK professionals are helping Russian elites evade asset freezes.
Tax dodging by the rich could be much greater than thought.
The richest 50 families in the UK have more wealth than the bottom half of the population.
One in ten adults have no savings, millions have low private pensions in retirement and 15 million people are on track for poverty in retirement.
Celebrities back calls for pensions reform– you can also sign the petition for fair green pensions for all.